Highlights from SAG Day at Tanzania Startup Week 2024

The Tanzania Startup Week 2024 brought together the best of innovation, entrepreneurship, and collaboration. Among the week’s highlights was SAG Day, held at the University of Dar es Salaam’s New Library on December 19, 2024. Hosted by Smart Africa Group (SAG), this event focused on "Driving Innovation and Digital Transformation," addressing the future of Tanzania’s digital economy.

Opening with Purpose: A Keynote to Inspire

The Day began with an inspiring keynote speech by Larry Ayo, Business Lab Director at SmartLab. Larry laid the groundwork for the day with an exploration of Tanzania’s digital potential:

• The $4 Trillion Digital Economy: Highlighting global opportunities and how Tanzania can tap into this vast market.
• Youthful Demographics: With 65% of the population under 25, Tanzania has an opportunity to harness this vibrant and tech-savvy generation.
• Challenges and Opportunities: From limited rural internet penetration to gender inequities, Larry discussed ways to address these gaps and unlock potential.
• Collaboration as Key: Partnerships between public and private sectors, supported by robust policy frameworks, can drive innovation and economic growth.

Larry emphasized that while technology is advancing, talent remains the missing link. Sectors like ICT and construction need skilled professionals who can lead and innovate. His call to action was clear: Build an ecosystem that nurtures and empowers talent to solve Tanzania’s unique challenges.

Thought-Provoking Panel Discussion: Driving Innovation and Digital Transformation

The panel discussion, moderated by Larry Ayo, brought together key industry leaders to share their insights and experiences:

1. Hawa Mwakatundu: Discussed the importance of policy frameworks and partnerships in fostering innovation.
2. Dr. Khadija Mkocha: Highlighted how academic institutions can bridge the gap in STEM education and innovation.
3. Maria Mwamnyalla: Focused on how fintech can drive financial inclusion and empower communities.
4. Pendo Lema: Explored strategies to support startups and entrepreneurs in navigating Tanzania’s evolving digital landscape

The discussion underscored the importance of integrating technology across sectors while addressing challenges like access to funding, digital skills, and infrastructure. Panelists shared practical advice for startups, emphasizing the need to align technology with real-world problems and community needs.

Startups as Catalysts for Change

One of the session’s key takeaways was the transformative role of startups in driving Tanzania’s digital economy. From agriculture to fintech, Tanzania’s entrepreneurs are creating solutions that address critical challenges while unlocking new opportunities for growth. The panelists emphasized the need for an enabling environment—one that includes access to funding, mentorship, and digital skills training.

SAG and its subsidiaries, including SmartLab, are at the forefront of this transformation. By providing platforms like the Startup School, Product School, and Tech School, SAG is equipping the next generation of entrepreneurs with the tools they need to succeed.

Building a Digitally Empowered Future

SAG Day was more than just a discussion; it was a call to action. The event highlighted the collective effort needed to foster innovation, empower talent, and drive digital transformation in Tanzania. As Larry noted, collaboration is key—between startups, corporates, policymakers, and the community.

What’s Next?

The energy from SAG Day doesn’t stop here. SAG is committed to continuing this conversation and supporting Tanzania’s digital journey. If you missed the session, there’s still much to look forward to during Tanzania Startup Week. Stay tuned for updates and initiatives that can help your business or idea grow.